Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 47,276 $ 126,750
Accounts receivable, net 39,593 26,646
Inventories 145,652 142,961
Prepaid expenses and other current assets 18,493 12,165
Total current assets 251,014 308,522
Property, plant and equipment, net 59,402 58,846
Operating lease right-of-use assets 16,339 18,582
Finance lease right-of-use assets 6,064 0
Goodwill 1,036,279 1,031,460
Intangible assets, net 945,007 1,037,440
Other assets, net 1,317 1,766
Total assets 2,315,422 2,456,616
Current Liabilities:    
Accrued expenses and other current liabilities 30,710 32,705
Total current liabilities 55,051 74,154
Long-term debt, net 666,494 665,280
Operating lease liabilities, net of current portion 14,908 15,484
Finance lease liabilities, net of current portion 5,547 0
Deferred income taxes 253,454 278,270
Founders advisory fees payable - related party 56,917 170,718
Other non-current liabilities 2,193 9,322
Total liabilities 1,163,127 1,317,716
Commitments and Contingencies
Shareholders’ equity:    
Ordinary shares, $1 nominal value per share, 4,000,000,000 shares authorized; 165,066,195 and 163,234,542 shares issued; 146,451,005 and 156,797,806 shares outstanding at December 31, 2023 and 2022, respectively 165,067 163,235
Treasury shares, at cost; 18,615,190 and 6,436,736 shares at December 31, 2023 and 2022, respectively (113,407) (49,341)
Additional paid-in capital 1,701,163 1,698,781
Accumulated other comprehensive loss (19,710) (25,471)
Accumulated deficit (580,818) (648,304)
Total shareholders’ equity 1,152,295 1,138,900
Total liabilities and shareholders’ equity 2,315,422 2,456,616
Nonrelated Party    
Current Liabilities:    
Accounts payable 21,639 36,794
Redeemable preferred shares 105,799 101,279
Related Party    
Current Liabilities:    
Accounts payable 2,702 4,655
Redeemable preferred shares 2,764 3,209
Customer lists    
Current assets:    
Intangible assets, net 674,786 710,329
Technology and patents    
Current assets:    
Intangible assets, net 180,653 232,818
Tradenames    
Current assets:    
Intangible assets, net $ 89,568 $ 94,293